Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

Forum|Forum|6 years ago
June 1, 2019
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Slappy-Tax

Employee

I assume you mean the refund is more than $10,000. If so, the answer is probably Yes, the IRS will most likely convert the refund to a paper check. The IRS doesn't officially publish the threshold, but I've seen refunds less that $10,000 converted to check. The check typically takes only about another week to ten days. You can monitor what's happening by going to Where's My Refund at irs.gov. That system won't tell you whether the direct-deposit will be converted to a check, but it will tell you if that happens and when to expect the check.

rebeccascope

Employee

This happened to me 2017. The huge problem is Turbo Tax doesn't warn of this when listing options for refund method otherwise I would have split into two accounts. IRS converted to paper check, I was in process of moving, completed forwarding order with postal service (no worries because I selected direct deposit) now check lost, had to wait 30 days to file claim now another 6 weeks for replacement check. THANKS TURBO TAX FOR INCOMPLETE INFORMATION. Have been a satisfied customer for years and convinced many others to use your program. This year has caused huge financial problem for me.